Music Business News: South Korea

Each selected agency will receive up to 300 million won ($197,000) annually for up to three years.

Grainge said that while AI would unlock new opportunities, great music and great people would remain at the center of every successful music company.

The complaints stemmed from a statement that HYBE issued in 2024, which alleged that Min had consulted a shaman on matters related to running ADOR.

Yang most recently served as CEO of AXZ, the Kakao-spun-off company that operates South Korea's Daum portal.

Bloomberg reports that the deal values The Black Label at 1 trillion won (approximately $660M)

Melon will upload congratulatory video messages from artists including NCT Taeyong, Le Sserafim, ALPHA DRIVE ONE, and AND2BLE ahead of the launch.

Seoul police said they would analyze the reasons behind the prosecution's decision before determining their next steps.

YG Plus will continue to handle the domestic distribution of albums and digital music content for HYBE artists including BTS and SEVENTEEN.